"This is the year for office market improvement; there's been a lot of absorption and landlords are trying to raise rents again," said Carlock.

"Tenants are ready for a new generation of space," he added. "The users are now having to consider space and space aesthetics in the war for good talent."

PricewaterhouseCoopers recently released its third quarter 2014 Real Estate Investment Survey, which surveys commercial real estate investors on their outlook for markets throughout the United States.

Dallas was ranked firmly in the expansion phase of the real estate cycle, according to the survey.

As a result of a growing number of tenants in North Texas, he said, there's been a run on high-quality real estate by growing DFW companies. And developers are joining the action, constructing build-to-suit corporate offices and going vertical on multitenant office buildings.

"The attractiveness of Dallas will continue — not only for business migration, but inbound population growth as employers expand," Carlock said.